A family home in Camberwell had more luck, drawing four bidders and selling above its price guide.
The home in a quiet cul-de-sac had a stunning renovation by the current owners through Stonehouse + Irons design studio.Instead of making a vendor bid, he passed the property in and turned to negotiations with the three interested parties, including downsizers, a young couple and an overseas buyer.Crotty said it was not uncommon for homes to pass in amid the falling property market. Melbourne home values are down 7.
Bidding began at $3.2 million, and the house was called on the market at $3.48 million, he said, adding that another recent sale in the street for about $3.45 million had provided a comparison for interested buyers.“In these areas where people have a bit more equity built up, things are selling a bit easier.”
“Heading into Christmas there are a lot of buyers that are seeing great value in the market,” she said. In Port Melbourne, a renovated two-bedroom Victorian is also still available after passing in at auction.but did not receive bidding above that.
elizabethredman $3m and no off street parking - not surprising really!
elizabethredman Good.